Meanwhile, the S&P BSE Sensex was up 124.52 points, or 0.39% to 32,352.79. The S&P BSE Mid-Cap index was up 21.88 points, or 0.14% to 15,334.48.

High volumes were witnessed on the counter. On the BSE, 3.79 lakh shares were traded in the counter so far, compared with average daily volumes of 1.65 lakh shares in the past one quarter. The stock had hit a high of Rs 74.35 and a low of Rs 73.35 so far during the day. The stock had hit a 52-week high of Rs 89.50 on 11 May 2017. The stock had hit a 52-week low of Rs 29.65 on 22 November 2016.

The stock gained 8.98% over the past one month till 25 July 2017, outperforming the Sensex's 3.5% rise. The scrip had, however, underperformed the market in past one quarter, rising 0.57% as against Sensex's 7.63% rise. The scrip had, however, outperformed the market in past one year, surging 123.37% as against Sensex's 14.71% rise.

The mid-cap company has equity capital of Rs 490.58 crore. Face value per share is Rs 10.

The President of India, acting through and represented by the Ministry of Chemicals & Fertilizers, Government of India, promoter of National Fertilizers has offered to sell up to 7.35 crore equity shares of the company of face value of Rs 10 each, representing 15% of the total paid up equity share capital of the company.

The offer for sale will be open for subscription on 26 July 2017 for non-retail investors and on 27 July 2017 for retail investors and for non-retail investors who choose to carry forward their bids, through a separate, designated window of the stock exchanges.

The floor price for the offer shall be Rs 72.80 per share, company said.

The government of India held 89.71% stake in the firm as per the shareholding pattern as on 30 June 2017.

National Fertilizers is the second largest producer of urea in the country and largest urea producer amongst public sector urea producing companies. The company is engaged in producing and marketing of neem coated urea, bio-fertilizers (solid & liquid) and other allied industrial products like ammonia, nitric acid, ammonium nitrate, sodium nitrite and sodium nitrate.